Add Symphony, target price Rs 1,200: HDFC Securities

HDFC Securities has buy call on Symphony Ltd. with a target price of Rs 1200.0. The current market price of Symphony Ltd. is Rs 1140.7 Time period given by analyst is year when Symphony Ltd. price can reach defined target.

Symphony Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 7800.21 Crore) operating in Consumer Durables sector.

Symphony Ltd. key Products/Revenue Segments include Air Coolers, Others and Other Operating Revenue for the year ending 31-Mar-2021.

Financials
For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 212.00 Crore, down -7.42 % from last quarter Total Income of Rs 229.00 Crore and down -5.78 % from last year same quarter Total Income of Rs 225.00 Crore. Company has reported net profit after tax of Rs 21.00 Crore in latest quarter.

The company’s top management includes Mr.Achal Bakeri, Mr.Nrupesh Shah, Ms.Jonaki Bakeri, Mr.Ashish Deshpande, Mr.Santosh Nema, Mr.Naishadh Parikh, Ms.Reena Bhagwati. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2022, the company has a total of 7 Crore shares outstanding.